FREE Online Banking, Bill Pay, Mobile App & Online Safety and Security Seminar this September 2014

650_X_300_interior_couple_mobile_phoneIn a society of rapidly evolving technology, many financial institutions – including First Financial – now offer new ways to manage your finances, including online banking, bill pay, and smartphone apps.  However, these services will be of little help to you if you don’t know how to use them or what their features and benefits are! The experts at First Financial will show you how to use these services, their main features and benefits, provide you with some online safety tips, as well as online safety and security precautions at our FREE online banking seminar.

At this seminar, you will learn:

  • Step-by-step instructions on how to use our services
  • Main features and benefits of these products
  • Online safety tips to protect yourself

Join us on Tuesday, September 30th at 6:00pm for our free consumer seminar titled, Online Banking, Bill Pay, Mobile App and Online Safety & Security, presented by the professionals at First Financial. The seminar will be held at our Wall Office located at 1800 Route 34 North, Building 3, Suite 302. We invite you to bring a guest but space is limited, so make sure you sign up today!

Register Now!

What’s New? EMV Chip Card Technology FAQs

emv_chip_2The days of the credit card’s magnetic stripe appear numbered, with special-chip, or EMV, credit cards poised to immigrate onto America’s payments landscape. EMV-enabled cards, named for developers Europay, MasterCard and Visa, have an embedded microprocessor chip that encrypts transaction data differently for each purchase. Some chip cards require a personal identification number to complete a transaction, while others only require a signature. EMV is widely used in Europe and Asia and is steadily being adopted as the standard type of credit card worldwide. Everywhere, that is, except the U.S. – but maybe not for long.

What is EMV?
EMV chip technology is becoming the global standard for credit card and debit card payments. Named after its original developers (Europay, MasterCard® and Visa®), this smart chip technology features payment instruments (cards, mobile phones, etc.) with embedded microprocessor chips that store and protect cardholder data. This standard has many names worldwide and may also be referred to as: “chip and PIN” or “chip and signature.”

What is chip technology?
Chip technology is an evolution in our payment system that will help increase security, reduce identity theft and fraud and enable the use of future value-added applications. Chip cards are standard bank cards that are embedded with a micro computer chip. Some may require a PIN instead of a signature to complete the transaction process.

How does EMV chip technology work?
The EMV-enabled device will communicate with the chip inside the smart card to determine whether or not the card is authentic. Generally, the terminal will prompt the cardholder to sign or enter a PIN to validate their identity. This process enhances the authentication of both the card and cardholder, effectively reducing the possibility that a business will accept a counterfeit card or be held liable for a fraud-related chargeback.

What makes EMV different than the traditional magnetic stripe card payment?Simply put, EMV (also referred to as chip-and-PIN, chip-and-signature, chip-and-choice, or generally as chip technology) is the most recent advancement in a global initiative to combat fraud and protect sensitive payment data in the card-present environment. A cardholder’s confidential data is more secure on a chip-enabled payment card than on a magnetic stripe (magstripe) card, as the former supports dynamic authentication, while the latter does not (the data is static). Consequently, data from a traditional magstripe card can be copied (skimmed) with a simple and inexpensive card reading device – enabling criminals to reproduce counterfeit cards for use in both the retail and the CNP environment. Chip (EMV) technology is effective in combating counterfeit fraud with its dynamic authentication capabilities (dynamic values existing within the chip itself that, when verified by the point-of-sale device, ensure the authenticity of the card).

What other incentives are there to accept chip cards?
In addition to the reduction of fraud and related chargebacks, there are other cost savings associated with EMV acceptance. The payment brands are doing their part to ensure that chip-bearing customers can pay at chip-enabled businesses. For example, Visa and MasterCard have issued upcoming rules and guidelines for processors and merchants to support EMV chip technology. Another Visa and MasterCard ruling is the liability shift. Once this goes into effect, merchants who have not made the investment in chip-enabled technology may be held financially liable for card-present fraud that could have been prevented with the use of a chip-enabled POS system.

Is this technology unique to the United States?
No. The chip technology standard for payment was first used in France in 1992. Today, there are more than 1 billion chip cards used around the world. The U.S. is one of the few industrialized nations that have not fully transitioned to this technology standard.

Why invest in chip card acceptance now?
Preventing the growth of fraudulent activity is one of the main reasons the industry is moving toward EMV technology. Chip cards make it difficult for fraud organizations to target cardholders and businesses alike. As a result, more and more chip cards are being introduced by U.S. financial institutions in order to support and switch over to this technology.

To cover all your financial bases, enroll in one of our First Financial’s ID Theft Protection product plans – with our Fully Managed Identity Recovery services, you don’t need to worry. A professional Recovery Advocate will do the work on your behalf, based on a plan that you approve. Should you experience an Identity Theft incident, your Recovery Advocate will stick with you all along the way – and will be there for you until your good name is restored.

Our ID Theft Protection options may include some of the following services, based on the package you choose to enroll in: Lost Document Replacement, Credit Bureau Monitoring, Score Tracker, and Three-Generation Family Benefit.* To learn more about our ID Theft Protection products, click here and find out how you can enroll today – as well as get started with your first 90 days free!**

*Identity Theft insurance underwritten by subsidiaries or affiliates of Chartis Inc. The description herein is a summary and intended for informational purposes only and does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions.

**Available for new enrollments only. After the free trial of 90 days, the member must contact the Credit Union to opt-out of ID Theft Protection or the monthly fee of $4.95 will automatically be deducted out of the base savings account or $8.95 will be deducted out of the First Protection Checking account (depending upon the coverage option selected), on a monthly basis or until the member opts out of the program.

*Click here view the original article sources by Chase Paymentech and Bankrate.

3 Ways Consumers Can Fall Victim to Identity Theft

Identity-Theft-CreditThere’s really only one way to protect yourself from identity theft. Stop spending money and trust no one. It’s pretty easy.

OK, it isn’t easy. Talk to enough victims of identity theft, and you start to realize that it really can happen to anyone – and sometimes, no matter how careful you are, it can happen to you. That’s why it helps to study how people’s identities were stolen and learn from it. Here a few ways identity theft happens along with strategies to prevent it.

1. Information is out there for anyone to see. Of course you don’t want to leave credit card statements lying around in public places, and when you discard your financial paperwork, it’s smart to run it through a shredder. But sometimes when you’re out in the world, your information can’t help but become a little exposed. You type a PIN number onto a pad and realize someone might have been looking over your shoulder. You hand your credit card to a waiter, who disappears for a while with it. Or you’re in a crowded store, practically rubbing elbows with an identity thief.

Sarah Dugo, co-founder of College Savings Dolls, got an unwanted education on identity theft a few years ago. She was at a crowded Best Buy and bought a big-screen TV for the Super Bowl.

“The cashier took my credit card and delivery information, but they left it all on the computer screen and walked away from the check-out area. I was at one of the checkouts in the smaller section of the store, not the main front exit,” Dugo says.

It turns out that the thief used Dugo’s credit card information to order the same big-screen TV – and had it sent to his address. “That’s how they caught him,” Dugo says. Still, the crook did enough damage to her credit report and credit score that it took two years for her to straighten it all out.

She was in one of those situations where the employee ringing her up was interrupted by a customer before finishing her transaction. Dugo isn’t positive, but she thinks that’s how someone was able to see her information and either jot everything down or snap a photo of the computer screen.

Dugo isn’t sure what she could have done differently, but she figures that if she is ever shopping on another crowded weekend, she may make her purchase at the main entrance, where department sales clerks aren’t likely to be pulled away from the register.

2. You put your wallet or handbag in a vulnerable position. “Several years ago, I was shopping at a Safeway near my house. I was in the shampoo aisle and a well-dressed man asked me to help him find a product his wife asked him to get,” says Caren Kagan Evans, CEO of ECI Communications. While Evans pointed to the top shelf to show him where the product was, another man took Evans’ wallet out of her handbag, which was in the top part of her cart.

“I didn’t realize my wallet had been stolen until I went to check out,” Evans says. “I ran home, contacted the credit agencies, contacted my bank and of course contacted my credit card companies.”

Unfortunately, her Social Security number was printed on her health insurance card, so the thief now had that information as well.

“This was a large group of people that were doing this kind of thing up and down the East Coast,” she says. “In a matter of just an hour, the team had used my cards at gas stations, Target, and other locations. They also were able to get checks printed since they had my social, and thousands of dollars disappeared from my checking account.”

Evans says she was lucky because she got her money back and was able to fix everything relatively quickly. “I have heard stories of people who had their identities stolen where the perpetrator took out mortgages on properties, and stories of people who literally spent years getting everything straightened out,” she says.

As for where Evans went wrong, she says it is easy to look at the situation now and realize her handbag was vulnerable. It was in the top part of the cart, and she was never planning on leaving it out of her sight. So you could take away from this story that you should never trust a stranger, even one who simply wants some help finding shampoo – or, better yet, remember to keep your eye on your purse or wallet since somebody else otherwise will.

Evans also says she no longer signs her credit card receipts, reasoning that a thief can study the receipt and later fake her signature. Sales clerks don’t push her to sign for merchandise, she says – they’ll just ask to see her identification. “And when they do, I thank them,” Evans says. “I appreciate it.”

burglar-for-identity-theft-small3. You trusted someone a little too much. Everyone knows the importance of vetting people who work for you, and yet you can never say it enough.

Arthur Gregory is a serial entrepreneur. He’s a partner in two restaurants and owns EatUsa.net. Back in 2003, the printer who made his menus overheard Gregory tell a colleague that he was looking for a bookkeeper.

“I do that,” the printer said. And Gregory, who liked how his menus were made, figured he’d give him the job.

As it turns out, the man was trustworthy when it came to menus, but not when it came to bookkeeping. “He stole my identity,” Gregory says.

And he didn’t just go out to a department store and buy things in Gregory’s name. He took out corporate credit cards in Gregory’s name and tried to take over his business, contacting vendors in Gregory’s name and doing a ton of damage. Gregory is still working on getting misinformation off of his credit report. Now he keeps all of his personal information in a lock box, so not even his current bookkeeper can see it.

Gregory, unfortunately, is also a case study in why it’s impossible to prevent identity theft. Even if you were willing to live out the rest of your life on a deserted island or in a cave to wall yourself off from problems, you could still discover you’re already a victim of identity theft.

As you can see, identity theft is an immense problem throughout the world and creeping its way up to becoming more and more frequent. As previously stated, there is no way to completely prevent identity theft, but there are certainly ways to minimize your risk and protect your finances. Enrolling in First Financial’s Identity Theft Protection products – with our Fully Managed Identity Recovery services, you don’t need to worry. A professional Recovery Advocate will do the work on your behalf, based on a plan that you approve. Should you experience an Identity Theft incident, your Recovery Advocate will stick with you all along the way – and will be there for you until your good name is restored and you can try it FREE for 90 days!*

Our ID Theft Protection options may include some of the following services, based on the package you choose to enroll in: Lost Document Replacement, Credit Bureau Monitoring, Score Tracker, and Three-Generation Family Benefit. To learn more about our ID Theft Protection products, click here and enroll today!**

*Available for new enrollments only. After the free trial of 90 days, the member must contact the Credit Union to opt-out of ID Theft Protection or the monthly fee of $4.95 will automatically be deducted out of the base savings account or $8.95 will be deducted out of the First Protection Checking account (depending upon the coverage option selected), on a monthly basis or until the member opts out of the program. **Identity Theft insurance underwritten by subsidiaries or affiliates of Chartis Inc. The description herein is a summary and intended for informational purposes only and does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions.

Article source courtesy of Geoff Williams of US News.

How to Save Money By Simplifying Your Life

save-money-travel-photo-ccNearly half of households in the United States are “liquid asset poor,” meaning they have less than three month’s worth of savings in the bank, according to a report this year from the Corporation for Enterprise Development, a nonprofit that tracks household financial security. Surprisingly, 25% of those who are considered “liquid asset poor” are in the middle class with earnings of $56,113 to $91,356 annually. What’s even more surprising is that 89% are employed.

Statistics like these might make you wonder how we got here. The fact is, modern life has become more difficult and complicated than ever. We not only have more inconveniences and responsibilities than previous generations, but we also have more bills to pay. We work more, relax less, and spend most of our time planning for the future instead of enjoying the present. Everything costs more than it did generations ago, which is another reason so many Americans are living paycheck to paycheck. And when you’re living a hand-to-mouth existence, it can be next to impossible to break the cycle.

Breaking the Cycle in 5 Simple Steps

But what if someone told you it didn’t have to be that way? What would you do if you discovered that merely simplifying your life could help you save and prepare for a brighter future? The truth is, a simpler existence might be exactly what it takes to transition from a lifestyle of struggle into one where you’re able to enjoy life a little. It may not be easy, but change might just be within your reach.

Here’s how:

  • Pare down your possessions. If you’re struggling to keep up and feeling bogged down by life’s ups and downs, it might be time to lighten your load. The truth is, many of the belongings that bring you joy could also be a source of stress either because they require upkeep, take up too much space or come with additional financial costs. So, instead of holding on, figure out what you can sell and take the necessary steps to do so. You’ll not only simplify your life, but you’ll also rake in some extra cash in the process.
  • Cancel unnecessary services. Many monthly bills are non-negotiable, including things such as utilities, insurance, mortgage or rent payments, and transportation costs. But the rest? You can typically do without it. If you really want to simplify and get ahead, consider canceling services that aren’t necessary. This could include things such as cable television, expensive gym memberships (when there are many more affordable monthly plans out there), pricey cell phone contracts, or other unnecessary monthly subscriptions (magazines, movie rental/streaming services, etc.). Eliminating or cutting even a few of your monthly expenses can make a huge difference in your bottom line over the months and years. Plus, who doesn’t want fewer bills to pay?
  • Pay down debt. If you’re like most people, you have a few lingering debts from the past. The bad news is, those monthly debt payments might be part of the reason you’re struggling. They might even mean the difference between mere survival and getting ahead. Unfortunately, the only real way to escape the grasp of your debt is to make a commitment to become debt-free. Use the money you’ve freed up by paring down your possessions and eliminating unnecessary services to work toward becoming debt-free once and for all. It may take a while, but it will be worth it.

Utilize First Financial’s free, anonymous debt management tool, Debt in Focus. In just minutes, you will receive a thorough analysis of your financial situation, including powerful tips by leading financial experts to help you control your debt, build a budget, and start living the life you want to live.

  • Make a commitment to save. When you’re living paycheck to paycheck, one surprise bill or emergency is all it takes to knock you completely off track. That’s why it’s absolutely crucial to begin saving for the future and for any unexpected expenses that might arise. Saving money might seem like a lofty goal, but it can be done if you make the commitment to never give up. Your future self will thank you.
  • Make it automatic. If you’re worried you’ll fall off the savings wagon in a hurry, the best thing you can do for yourself is make all savings automatic. This generally means setting up an automatic account transfer on payday or at the end or beginning of the month. Making it automatic helps you accomplish your savings goals in two ways: First, it ensures you’re saving on a regular basis by forcing you onto a savings schedule. Second, it forces you to live on less than what you earn, which is required if you truly want to get ahead and stay ahead.

It’s true that modern life has become burdensome and overly complicated in some ways, but it’s also true that our decisions often make it worse. Fortunately, the key to escaping a lifetime of struggle is often within reach if you’re willing to look hard enough. All it takes is a fresh perspective, a willingness to live on less, and the fortitude to make it happen. A simpler and more prosperous life can be yours if you want it.

*Click here to view the article source by Holly Johnson of US News.

Learn How to Talk to Your Kids About Finances at this FREE Seminar in August 2014

teach-kids-howto-save-moneymomdaughtersTeaching kids about money can be done quite simply, following a few guidelines that will be taught to you at this FREE seminar. Parents are hands-down the most influential force in any child’s life, and studies show that this extends to money management. Yet, the money talk still doesn’t happen in many U.S. households. This free seminar will teach attendees about ways to get your children financially educated.

Attending this seminar, you will learn:

  • Financial literacy for every child’s lifestage
  • How to raise money-smart kids
  • Simple steps to get your children excited about saving money

Join us on Thursday, August 7th at 6:00pm for our free consumer seminar titled, How to Talk to Your Kids About Finances, presented by the experts at First Financial. The seminar will be held at our Wall Office located at 1800 Route 34 North, Building 3, Suite 302. We invite you to bring a guest but space is limited, so make sure you sign up today!

5 Budget Killers You Can Avoid

budgeting-money-to-conquer-debtCreating a budget is the first step in taking control of your finances. Sticking to your budget is another challenge altogether.

Even when you believe you have factored in every cost you may encounter by week, by month or by year, somehow you end up needing more money than you allocated – right? If this sounds like you, you are likely encountering a budget killer (or several). Below are some of the most common costs that can cause you to veer off your budgeting course.

1. Account Maintenance Fees: Some big bank accounts and credit cards tack on fees if you don’t maintain your account or meet specific requirements. Some charge you extra if you don’t maintain a certain balance, if you write too many checks, or if you don’t make enough transactions. These can add up quickly. Make sure when choosing an account or credit card, you read the specifics of your account agreement carefully. Look into which checking accounts and credit cards offer services that fit your lifestyle.

Be sure to check out the variety of flexible Checking Account options that we offer here at First Financial including First Protection, High Yield, Free, Go Green Checking and more. Plus, if you’re on the hunt for a great new maintenance-free credit card with rewards, click here to learn more about our low-rate Visa Platinum Credit Card and apply online.

2. Subscriptions: While seemingly low monthly fees can be attractive, subscription magazines and online services (think Netflix, Hulu, etc.) add up. These costs are hurting your budget if you are not using the services or if you could find them elsewhere online for free. Eventually, these just become another add-on to your monthly payments so it’s a good idea every so often to re-evaluate whether yours are worth keeping.

3. Credit Card Interest: Credit cards have several attractive features: allowing you to buy now and pay later, providing cash back, and helping you earn points toward a new car, vacation or night out. Paying installments on your purchases over time may appear to be a great way to buy all your monthly and superfluous purchases. However, high interest rates add up over time if you carry a balance and you can find yourself deep in debt before you know it. You may think you are paying off your purchase when all you are doing is treading water by paying off the interest. To avoid this, it’s important to know the interest rates of your credit cards, pay off your balance in full every month, and save before you purchase. Carrying a lot of debt can have longer-term implications on your credit scores too. If you want to see how your debt is affecting your credit, check out our free and anonymous debt management tool, Debt in Focus and be sure to take advantage of our First Score service to learn ways to improve your score as well.

Did you know that our Visa Platinum Credit Card rate starts as low as 10.9% and offers rewards?* It’s a good idea to check the APR of some of your current credit cards to see if it’s time to switch! Keep in mind, we also don’t have any balance transfer fees – and as an additional BONUS, for a limited time if you are approved for a balance transfer of $5,000 or more to our VISA Platinum Credit Card, you will receive 10,000 bonus CURewards Points! You can apply for the balance transfer by stopping into any branch or calling 866.750.0100 to be sent a balance transfer request form.**

4. Excess Phone, Cable & Utility Bills: Many households are paying hundreds of dollars for TV, Internet, cell phone, and utility expenses each month. No matter how comfortable these tools make us, they are taking up valuable space in our budgets. Look through your bills carefully and try to scale back from services you aren’t using or do not need to use, from running the air-conditioning while you are at work to paying for a DVR on a second TV you never even watch. Also, be sure you are not paying for a level of service you don’t need. If these alterations don’t bring a big enough impact on your budget, consider alternatives like prepaid phone services and switching cable providers.

5. Convenience Fees: Certain businesses tack on “convenience fees” when you utilize their goods or services as a way to make up any added expenses that can incur during your transaction. Be wary of these types of fees before you make various transactions, to see if there is a less expensive way for you to do so.

Having an emergency fund can be a big help when you come in over budget. This money can save you from stress when you have fallen victim to these and other budget killers. It’s a good idea though to deal with the root issue instead of repeatedly ruining your budget and having to dip into your emergency fund. If you do have to use that money, it’s important to replace it and frequently evaluate your budget to match your changing lifestyle.

Article source courtesy of Fox Business.

*APR varies from 10.90% to 17.90% when you open your account based on your credit worthiness. This APR is for purchases, balance transfers, and cash advances and will vary with the market based on the Prime Rate. Subject to credit approval. Rates quoted assume excellent borrower credit history. Your actual APR may vary based on your state of residence, approved loan amount, applicable discounts and your credit history. No Annual Fee. Other fees that apply: Cash advance fee of 1% of advance ($5 minimum and $25 maximum), Late Payment Fee of up to $25, Foreign Transaction Fee of 1% plus foreign exchange rate of transaction amount, $5 Card Replacement Fee, and Returned Payment Fee of up to $25. A First Financial membership is required to obtain a VISA Platinum Card and is available to anyone who lives, works, worships, or attends school in Monmouth or Ocean Counties.

**Additional bonus points will be reflected within 30 days from the balance transfer approval and can be viewed when signed into your VISA Platinum Card Account online through Online Banking. In order to redeem bonus points, an offer reference must be made to a First Financial representative. Bonus points can only be redeemed one time per member, on an approved balance transfer of $5,000 or greater during the promotional period of 4/28/14 – 12/31/14.